Weino Ltd

Weino Ltd is a small, active company based in London, UK, founded nine years ago in 2016. With a single employee and £50,421 in assets, it's a solo-founder operation led by one director and owner. The company operates in the retail sale of beverages in specialised stores, and it's a regular importer of drinks, alcohol, and vinegar, with four months of import activity recorded, the last in March 2023.

The company’s website, salesweinotools.com, reveals a different, more substantial venture: the manufacture and sale of solid CBN inserts, PCD inserts, and other super hard cutting tools. Boasting over 23 years of manufacturing experience, Weino Tools caters to industrial clients, offering a wide range of products and services, including custom tooling and coating options. The site emphasizes quality, competitive pricing, and prompt delivery—hallmarks of a well-established industrial supplier. It seems the beverage importing is a side project, or perhaps a diversification attempt.

Financially, Weino Ltd shows a mixed picture. Current assets have fallen by 28% to £50,000, while net assets have dropped significantly to -£11,000. Cash reserves have also decreased by 39% to £16,000. Trade debtors have fallen by 17%, suggesting improved payment collection, but creditors have increased by 48%, which could indicate a reliance on short-term financing. Fixed assets have plummeted by a staggering 85%, which is concerning. The company's small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the negative equity and sharp decline in fixed assets raise questions. There's no mention of an auditor, likely due to its small size, so the figures rely on unaudited statements.

Overall, Weino Ltd appears to be navigating a challenging financial climate. While the industrial tooling business seems well-established, the company's core financials suggest it’s burning through money and needs to find a way to stabilize its equity.

Registered in England/Wales under the registration number 10112782, with a registered address at N4 2SR, England, London, 76b Wilberforce Road.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.